New Bulk REO Website Simplifies And Expedites Real-Estate Auction Sales For Institutional Sellers And Buyers

Where Institutional Sellers and Buyers make deals

Surprise, AZ - January 5, 2009 -- Global Asset Clearinghouse LLC is in position to launch it's one-of-a-kind auction website for institutional sellers and pre qualified buyers of bulk REO. "Our site is designed from the ground up, strictly for institutional sellers and pre qualified buyers," said Jose Maldonado, Director of Operations.

Maldonado went on to say, "All accounts are pre screened and qualified for ability. We implement a unique and anonymous open auction platform where bids are seen allowing the sellers to set reserve pricing to try to meet their price points. Sellers also have the ability to set bid increments. We utilize popcorn bidding which simulates a real live auction. If a bid is placed in the last minutes of an auction, the auction is extended by 10 minutes allowing for a late bidder and also increasing the chance of reaching price points for the seller. Sealed bidding is not an ethical practice in my opinion, as we really never know if the winner is the highest bidder. Therefore we designed our website to be fully transparent to all parties involved."

Unique Features

* Sellers
* Sellers pay no fees
* Sellers have access to valuable information not found elsewhere
o Real Market Value for their Real-Estate Assets
* Pre-screened buyers, proofed for maximum financial capacity
* Live online bid tracking
* Anonymous listings to insure privacy
* Buyers
* No cost to buyer
o Only winning bidders pay a transaction fee; No commission
* All sellers are pre-screened for portfolio capacity
* Anonymous bidding to insure privacy
* Expedited closings

See their website for a full list of unique features.
http://www.purchasebulkreo.com/

About Global Asset Clearinghouse LLC Purchase Bulk REO Website

The site was designed from the ground up, strictly for the institutional seller and qualified buyer. The company is CCR approved as a trading partner of the US Government, positioning itself to procure business from the FDIC, US Treasury, Fannie Mae, Freddie Mac and other major financial institutions .

For More Information contact: Jose Maldonado, jose@globalassetclearinghouse.com, 623.444.5555.

The media is invited to take a guided tour by one of their business agents.
email: jose@globalassetclearinghouse.com or call 623.444.5555 for details.